Buying properties in UAE

Now, when in your home town is winter, in the United Arab Emirates - the height of the beach season. But, before you buy an expensive trip for two weeks, you might want to think about how to buy properties in UAE? After all, in the future, all you will need is a plane ticket! Because there is nothing more pleasant than to be on the shore of the Persian Gulf, watching the magnificent sunsets from the terrace of your own house.

Properties in UAE from the builder

During the crisis the cost of real estate in the UAE declined significantly. Prices on the local flats, apartments and houses, in spite of the economic recovery still remain on a quite acceptable level. It's not only about the secondary real estate in the Emirates, but also for the primary housing, which can be bought very profitable and secure. Now, the machinations with sharp price jumps are completely excluded, since the government banned the resell to third parties of a property that is not placed in service.

Properties in UAE from the bank

Foreigners can buy a house in the UAE both with personal finance and on a credit. Interest rates in the Emirates are low, and the loan guarantee can be the apartment / house itself, or a monetary contribution. Those who do not wish to bind themselves by long-term bank loans, can take advantage of special offers from the local builders and buy a home in installments, which may even be interest-free.

Housing in the UAE and forms of ownership

Buy a home in the Emirates is quite simple. But non-residents can become owners of property only in special investment zones. Foreigners who have houses, apartments or other real estate in the territory of Freehold, get equal rights to possession and use of property as the citizens of the Emirates (for private purposes, to rent, for resale, bequeath, donate, and so on). In addition, they are eligible to receive residence visa, which must be updated every three years. But the property acquired in the territory of the Leasehold, can be registered only as a lease for a term of up to 99 years.